South Dakota § 36-21A-147 Office policies--Relationships--Written disclosure.

South Dakota Statutes

§ 36-21A-147 — Office policies--Relationships--Written disclosure.

South Dakota § 36-21A-147

Title 36PROFESSIONS AND OCCUPATIONS

Ch. 36-21REAL ESTATE LICENSING

This text of South Dakota § 36-21A-147 (Office policies--Relationships--Written disclosure.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 36-21A-147 (2026).

Text

Every responsible broker shall develop and maintain a written office policy that specifically sets forth agency and brokerage relationships that the broker may establish. At the first substantive contact with a seller or buyer who has not entered into a written agreement with a broker, the licensee shall:

(1)Disclose in writing to that person the types of agency and brokerage relationships the broker is offering to that person; and (2) Provide that person with a written copy of a disclosure on a form prescribed by the commission. The written disclosure shall contain a signature block for the client or customer to acknowledge receipt of the disclosure. The customer's acknowledgment of disclosure does not constitute a contract with the licensee. If the customer fails or refuses to sig

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Every responsible broker shall develop and maintain a written office policy that specifically sets forth agency and brokerage relationships that the broker may establish. At the first substantive contact with a seller or buyer who has not entered into a written agreement with a broker, the licensee shall: (1) Disclose in writing to that person the types of agency and brokerage relationships the broker is offering to that person; and (2) Provide that person with a written copy of a disclosure on a form prescribed by the commission. The written disclosure shall contain a signature block for the client or customer to acknowledge receipt of the disclosure. The customer's acknowledgment of disclosure does not constitute a contract with the licensee. If the customer fails or refuses to sign the disclosure, the licensee shall note that fact on a copy of the disclosure and retain the copy. After a seller and buyer have entered into a written agency or brokerage agreement with a broker, no other licensee is required to make the disclosures required by this section. The commission may prescribe the disclosure form by rules promulgated pursuant to chapter 1-26 .